MIRA INFORM REPORT

 

 

Report No. :

304058

Report Date :

05.02.2015

 

IDENTIFICATION DETAILS

 

Name :

SENURA INTERNATIONAL (PVT) LTD

 

 

Registered Office :

# 499/1/J, Gonahena, Kadawatha

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

16.01.2013

 

 

Com. Reg. No.:

PV 90552

 

 

Legal Form :

Private Limited Liability Company 

 

 

Line of Business :

Not Available

[Note: We tried to confirm / obtain the detailed activity but the same is not available from any sources]

 

 

No. of Employee :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

Limited with full security

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

Sri Lanka

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

SRI LANKA ECONOMIC OVERVIEW

 

Sri Lanka continues to experience strong economic growth following the end of the 26-year conflict with the Liberation Tigers of Tamil Eelam. The government has been pursuing large-scale reconstruction and development projects in its efforts to spur growth in war-torn and disadvantaged areas, develop small and medium enterprises and increase agricultural productivity. The government's high debt payments and bloated civil service have contributed to historically high budget deficits, but fiscal consolidation efforts and strong GDP growth in recent years have helped bring down the government's fiscal deficit. However, low tax revenues are a major concern. The 2008-09 global financial crisis and recession exposed Sri Lanka's economic vulnerabilities and nearly caused a balance of payments crisis. Agriculture slowed due to a drought and weak global demand affected exports and trade. In early 2012, Sri Lanka floated the rupee, resulting in a sharp depreciation, and took steps to curb imports. A large trade deficit remains a concern, but strong remittances from Sri Lankan workers abroad help offset the trade deficit. Government debt of about 80% of GDP remains among the highest in emerging markets.

 

Source : CIA

GENERAL

 

- Basic information at a glance

     

a.

Name of Subject of Inquiry

:

SENURA INTERNATIONAL (PVT) LTD

b.

Legal Form  & Status

:

Private Limited Liability Company 

d.

Primary Line of Business

:

Not Disclosed

e.

Head office

&

Place of Business

 

:

 

 # 163, Old Kottawa Road,

Nugegoda.

Sri Lanka.

 

 

Note: Subject not listed in tele directories and contact number not found. Enquiry continuing further. Therefore this Interim Report.

 

f.

No. of Employees

:

Not Disclosed

                       

 

COMPANY DETAILS 

 

- Registration and Shareholder Details

 

a.

Registration No

:

PV 90552

Date of Registration

:

16th January 2013

c.

Registered Office

:

# 499/1/J, Gonahena, Kadawatha

d.

Board of Directors

As At

17th November, 2014

:

D.P. Jayalath Krishan Pieris

Managing

Director

Muthiah Sasidaran

Director

e.

Total Value of Shares

:

Rs.  20,000,000.00

Total No. of Issued Shares

:

2,000,000

f.

Nominal Value of Share

:

Not applicable vide Companies Act #7 of 2007.

g.

 

Share Holders

As At

17th November 2014

:

Share Holders

No. of

Shares

D.P. Jayalath Krishan Pieris

2,000,000

h.

Auditors

:

Not, Disclosed

i.

Company Secretaries

:

Alliance Management Systems (Private) Limited

241, High Level Road, Navinna Maharagama.

j.

Bankers

:

Not Disclosed

 

 

CURRENT INVESTIGATION                      

 

 

The Subject Company SENURA INTERNATIONAL (PVT) LTD is a Private Limited Liability Company incorporated on 16th January 2013 under registration number PV 90552

 

 

The Subject Company is at the client # 163, Old Kottawa Road, Nugegoda.

 

This subject company is not listed in telephone directory and no contact number found. Further, under investigation.

 

 

 

General

The details is not available

 

Products

Details not available

 

 

Employees

Not Disclosed

 

 

01)

Name

D.P. Jayalath Krishan Pieris

ID Number

640610344V

Nationality

Sri Lankan

Gender

Male

Date of Birth

17th October 1964

Age

50  Years

Address

# 499/1/J, Gonahena, Kadawatha

 

02)

Name

Muthiah Sasidaran

ID Number

771480292V

Nationality

Sri Lankan

Gender

Male

Date of Birth

26th December 1977

Age

37 Years

Address

#73/41, Saman Uyana, Kumaragewatte, Pelawatte, Battaramulla.

 

 

 

The subject company did not provide any trade reference referrals

 

 

 

Since no financial information has been forthcoming from the company, it is not possible to comment on the merits or otherwise of the company.

 

No computerised data bases exist to make checks whether the partners or the company has any legal action or lawsuit initiated against any of them but informal (but not in-depth) checks do not indicate any such cases in the public knowledge.

 

 

Information denied

 

Not able to contact the company

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.68

UK Pound

1

Rs.93.53

Euro

1

Rs.70.75

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

ANK

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.